Thai Olefins prices debut dollar bond

Thai petrochemical company charts recovery of Asian debt capital markets.

Thai Olefins priced its debut dollar-denominated bond in London on Friday night June 17 via lead managers Citigroup and Deutsche Bank. The $300 million 10-year issue priced inside of revised guidance.

The BBB-Baa3 rated transaction was priced at 99.469% on a coupon of 5.5% to yield at 5.57%. This equated to a spread of 149bp over 10-year US Treasuries.

Having kicked off roadshows in Hong Kong and Singapore earlier in...

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